Stock Technical indicators to notice in POLYTEC HOLDING (P4N.BE)
1- Last bearish trend was from 5.58 $ (3/18/2011) to 5.34 $ (3/21/2011) a 0.24 $ move 2- The current bullish trend started from 5.34 $ at 3/21/2011 and is currently trading at 7.17 $.
POLYTEC HOLDING (P4N.BE) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 0.880 $ height triangle which was broken up at 5.580, target of the pattern is 6.460 which was broken down at 7.170, target of the pattern is 6.290.
POLYTEC HOLDING (P4N.BE) Mid term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 5.970 and 6.150 that was broken up at 5.730 transforming into a supporting line.
POLYTEC HOLDING (P4N.BE) Long term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 5.090 and 4.220, and is currently supporting at 5.451.
Stock Trading Conclusion:
POLYTEC HOLDING (P4N.BE) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 7.22.
Stock Support levels : 6.74, 6.47, 6.29, 6.26, 6.04, 5.50, 5.45, 5.34,.